Ontario drivers pay the highest car insurance premiums in Canada. One logical reason for that could be the fact that Ontario is the biggest province with the most big cities in Canada. Ontario car insurance quotes can get to be quite expensive especially in large cities.
This is because there are more people living in these areas, which means more possible accidents.
The mandatory Liability insurance is $200,000 but most car insurances in Ontario are typically for $1M in third party liabilities. If you own a vehicle in Ontario, you are required to, also, have those types of coverage: Statutory Accident Benefits Coverage (provides medical expenses and benefits) ,
Direct Compensation - Property Damage, Uninsured Automobile Coverage (covers you in a hit-and-run accident or accident with uninsured motorist).
The average Ontario auto insurance premium is around $2300 per year, with Toronto being the most expensive city to own a car - average insurance $2800.
The high rates are not confined to Toronto, though. Drivers across all Ontario cities are paying relatively high rates. And again, premiums can vary by thousands of dollars. It pays to shop around online for free auto insurance quotes and compare.
